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1 mark

How much time will it take for an amount of to yield as interest at per annum of simple interest?

  1. A
    3.5 years
  2. B
    4 years
  3. C
    4.5 years
  4. D
    5 years

Solution & Step-by-step Explanation

Given parameters:
* Principal ()
* Simple Interest ()
* Rate of Interest () per annum

The formula for simple interest is:



Substituting the given values to solve for time ():







Practice this question

Try it yourself before checking the explanation above.

How much time will it take for an amount of to yield as interest at per annum of simple interest?
A
3.5 years
B
4 years
C
4.5 years
D
5 years

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